{"id":636,"date":"2021-10-18T00:00:00","date_gmt":"2021-10-18T00:00:00","guid":{"rendered":"https:\/\/www.retirementrefined.com\/index.php\/2021\/10\/18\/markets-4th-quarter-rally-medicare-open-enrollment-info\/"},"modified":"2021-10-18T00:00:00","modified_gmt":"2021-10-18T00:00:00","slug":"markets-4th-quarter-rally-medicare-open-enrollment-info","status":"publish","type":"post","link":"https:\/\/www.retirementrefined.com\/markets-4th-quarter-rally-medicare-open-enrollment-info","title":{"rendered":"Markets \u2013 4th Quarter Rally?? &#038; Medicare Open Enrollment Info!"},"content":{"rendered":"<p>Stock Markets jumped last week as <strong>6 major banks<\/strong> started off earnings season with a major positive and <strong>overall optimism, <\/strong>believing the September\/early-October slide is over. <img fetchpriority=\"high\" decoding=\"async\" class=\"alignright  wp-image-4967\" src=\"https:\/\/www.retirementrefined.com\/wp-content\/uploads\/2022\/01\/shutterstock_322935467-300x199.jpg\" alt=\"\" width=\"401\" height=\"267\" \/><\/p>\n<p>For the week, the <strong>Dow jumped 1.58%,<\/strong> the <strong>S&amp;P 500 1.84%,<\/strong> the <strong>Nasdaq Composite 2.18%<\/strong> and the <strong>Russell 2000 1.47%.<\/strong><\/p>\n<p>Over the pond, <strong>foreign stocks rose 2.42%<\/strong> and e<strong>merging market stocks 2.13%.<\/strong><\/p>\n<p><strong>Bond yields<\/strong> remained towards recent highs, with the 10-Year ending last week with a yield of 1.574%.<\/p>\n<p>This week continues the early part of <strong>3<sup>rd<\/sup> quarter earnings<\/strong> season, with <strong>72 S&amp;P-500 companies<\/strong> reporting.\u00a0 Worth <strong>paying attention<\/strong> to, is what these <strong>companies will say<\/strong> about <strong>consumer demand, supply constraints, inflation and wage pressures!<\/strong><\/p>\n<p>Will this rally continue thru year-end?\u00a0 As always, time will tell!<\/p>\n<p style=\"text-align: center;\"><strong>Medicare Open Enrollment<\/strong><\/p>\n<p>The Medicare Annual Open Enrollment period runs from <span style=\"color: #3366ff;\"><strong>October 15<sup>th<\/sup> thru December 7<sup>th<\/sup><\/strong>.<\/span><\/p>\n<p><em><strong>This is the time to can review your coverages and make changes as warranted. <img decoding=\"async\" class=\"alignright  wp-image-4968\" src=\"https:\/\/www.retirementrefined.com\/wp-content\/uploads\/2022\/01\/shutterstock_564393916-300x200.jpg\" alt=\"\" width=\"347\" height=\"231\" \/><\/strong><\/em><\/p>\n<p><span style=\"color: #3366ff;\"><strong>*Medicare Advantage Participants*:<\/strong><\/span><\/p>\n<ul>\n<li>Can change Medicare Advantage plans regardless of current health<\/li>\n<li>Examine to make sure your preferred providers are still on the company list<\/li>\n<li>Check to see if your co-pays and out of pocket costs have changed<\/li>\n<li>Check to see if your prescription drug deductible and co-pays have changed.<\/li>\n<\/ul>\n<p>You can check and compare plans on the <strong><em><a href=\"https:\/\/www.medicare.gov\/plan-compare\/#\/questions?year=2022&amp;lang=en\" target=\"_blank\" rel=\"noopener\">Medicare Plan Finder<\/a><\/em><\/strong><\/p>\n<p><strong>You can enroll in a new plan, with new coverage becoming effective January 1<sup>st<\/sup>, 2022.<\/strong><\/p>\n<p><span style=\"color: #3366ff;\"><strong>*Original Medicare\/Medigap\/Part D Drug-Plan Participants*:<\/strong><\/span><\/p>\n<ul>\n<li>There are <strong>5 tiers<\/strong> to your <strong>Part-D drug plan<\/strong>; <strong>preferred generic, generic, preferred<\/strong> <strong>brand, non-preferred drug, and specialty.<\/strong> It\u2019s important to see if the prescriptions you take have been put into another tier, which can significantly impact your out-of-pocket costs.<\/li>\n<li><strong><a href=\"https:\/\/www.medicare.gov\/drug-coverage-part-d\" target=\"_blank\" rel=\"noopener\">The Medicare Plan Finder<\/a> <\/strong>is the place to <strong>compare Part-D drug plans<\/strong>.\u00a0 When you find a plan that is more cost effective, you can enroll directly with that plan.\u00a0 <strong>The new plan will become effective on January 1<sup>st<\/sup><\/strong><\/li>\n<\/ul>\n<p style=\"text-align: center;\"><strong>Social Security COLA\/Medicare Part-B<\/strong><\/p>\n<p><img decoding=\"async\" class=\"alignleft  wp-image-4971\" src=\"https:\/\/www.retirementrefined.com\/wp-content\/uploads\/2022\/01\/shutterstock_234997678-300x225.jpg\" alt=\"\" width=\"353\" height=\"266\" \/>The Social Security Administration announced on October 13<sup>th<\/sup>, the annual cost of living adjustment <strong>(COLA) will be 5.9%.<\/strong>\u00a0 <strong><em>64 million Social Security beneficiaries will see the increases in January 2022.<\/em><\/strong><\/p>\n<p>The <strong>Medicare Part B premium for 2022<\/strong> has not been announced, however expectations are for an increase of <strong>approximately 6.2%.<\/strong>\u00a0 Combined with current levels of inflation, the Social Security COLA benefit will be muted for many, however the increase is still very welcome!<\/p>\n<p>The amount of <strong>wages subject to the Social Security tax will increase to $147,000.<\/strong><\/p>\n<p>The <strong>earnings-test limits<\/strong> will increase for those collecting <strong>under Social Security full retirement<\/strong> <strong>age, to $19,560.<\/strong>\u00a0 For those <strong>reaching SS full retirement age sometime in 2022<\/strong>, the <strong>earnings test<\/strong> <strong>limit<\/strong> is increasing to <strong>$51,960<\/strong>.\u00a0 <strong><em>***Keep in mind, the earnings test is no longer applicable when you reach your Social Security Full Retirement Age***<\/em><\/strong><\/p>\n<p><strong><em>\u00a0<\/em><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong><em>\u00a0<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock Markets jumped last week as 6 major banks started off earnings season with a major positive and overall optimism, believing the September\/early-October slide is over. For the week, the Dow jumped 1.58%, the S&amp;P 500 1.84%, the Nasdaq Composite 2.18% and the Russell 2000 1.47%. Over the pond, foreign stocks rose 2.42% and emerging [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":638,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/636"}],"collection":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/comments?post=636"}],"version-history":[{"count":0,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/636\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media\/638"}],"wp:attachment":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media?parent=636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/categories?post=636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/tags?post=636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}